When you comment on the quote “we’re correcting an anomaly" you misrepresent the context. Summers says that workers got tax relief in two years but retirees got payments in only one. That is the anomaly he referred to - not the zero COLA.
I am a Resident Scholar at the American Enterprise Institute in Washington, where my work focuses on Social Security policy. Previously I held several positions within the Social Security Administration, including Deputy Commissioner for Policy and principal Deputy Commissioner. Prior to that I was a Social Security Analyst at the Cato Institute. In 2005 I worked on Social Security reform at the White House National Economic Council, and in 2001 I was on the staff of the President's Commission to Strengthen Social Security. My Bachelor's degree is from the Queen's University of Belfast, Northern Ireland. I have Master's degrees from Cambridge University and the University of London and a Ph.D. from the London School of Economics and Political Science. I can be contacted at andrew.biggs @ aei.org.
2 comments:
When you comment on the quote “we’re correcting an anomaly" you misrepresent the context. Summers says that workers got tax relief in two years but retirees got payments in only one. That is the anomaly he referred to - not the zero COLA.
Arne,
You're right and I missed the context -- my mistake.
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